Linkedin Survey: Women representation and retention is key to creating more job opportunities, and companies that are focusing on this have ranked among the most desirable companies to work with in India. Linkedin Survey
Among them are IT giants Tata Consultancy Services (TCS), Accenture, Cognizant and Infosys, as per LinkedIn’s 2022 Top Companies list for India.
Linkedin Survey: TCS, Accenture, Infosys Among Top Choices
Seven parameters were considered while compiling the list: ability to advance, skills growth, stability of the company, opportunity for expansion externally, affinity with the company, gender diversity, and educational background.
Here are the 25 companies that made it to the 2022 Top Companies India list:
- Tata Consultancy Services
- HCL Technologies
- Larsen & Toubro
- Publicis Groupe
- ICICI Bank
- Reliance Industries Limited
- Tech Mahindra
- HDFC Bank
- Hindustan Aeronautics Limited
- JPMorgan Chase & Co.
- Flipkart (Walmart)
- Dell Technologies
- Aditya Birla Group
We examined LinkedIn platform data across seven pillars, which are crucial to career progression: ability to advance, skills growth, company stability, external opportunity, company affinity, gender diversity, and educational background.
According to LinkedIn data, the eligible companies must have had at least 500 employees as of December 31, 2021 in the country and attrition cannot be greater than 10 percent over the methodology time period.
Similarly, companies that laid off more than 10% of their workforce during that time were ineligible, based on public announcements. Parent companies are ranked on the list; majority-owned subsidiaries and their data are factored in to the parent company score.
Demand for young talent is ripe across IT companies
As businesses become location agnostic and dependency on tech intensifies, top companies are focusing on expanding their workforce to make it more competent and diverse. Wipro (#6) plans to hire nearly 30,000 freshers in fiscal year 2023, up from 17,500 in FY22.
HCL Technologies (#8) is almost doubling its fresher hiring target from around 22,000 in FY22 to 40,000-45,000 in FY23 to meet the demand-supply gap for tech talent. As other companies focus on tapping young talent, IBM (#7) plans to expand to and hire from non-metro cities to cast a wide talent net.
Embracing representation to bring more women in tech
Top Companies in the IT sector are taking strides towards inclusivity and representation by revising their organizational policies. Accenture (#2) has moved closer to its goal of 50:50 representation with women now comprising 45% of the company’s workforce, after switching to gender-neutral policies in India last year.
Wipro (#6) has also taken actionable steps towards inclusion by introducing a return to work programme to help women relaunch their careers after a break. The total employee strength at TCS (#1) is more than 5 lakh; more than 2 lakh of whom are working women.
Retention becomes key as talent takes the driver’s seat
As India’s labor market continues to tighten, more organizations are now making it a top strategic imperative to hire, develop, and retain the right talent. Ranked #4, Infosys is aiming to attract the best talent in India by extending tailored L&D opportunities, having onboarded over 1.2 million users on its digital reskilling platform.
Cognizant, holding rank #3, is offering promotions and higher bonuses, and investing in employee training to encourage long term talent growth and retention. Further, this year’s top company TCS (#1) was able to successfully mitigate the aftermath of the Great Reshuffle by offering promotions and growth opportunities to its employees, which helped the IT giant to maintain higher retention rates among India’s IT majors.
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